Goyal states that food price inflation should not play a role in the apex bank’s interest rate decisions
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The Reserve Bank of India on Monday announced that a foreign portfolio investor (FPI) investing in excess of the prescribed 10 per cent limit in a company, shall have the option of divesting their holdings or reclassifying such holdings as foreign direct investment (FDI)
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The report reveals that India's external assets are up by USD 108.4 billion over the year, while external liabilities rises by USD 97.7 billion
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The latest figure in the country's import cover represents a slight decline of one month from the 11.3-month cover recorded at the end of March 2024
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Additionally, 20.26 metric tonne of gold are maintained in the form of gold deposits, which are held to support liquidity and financial security
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As the country’s retail and wholesale inflation marked a rise in September, the rising food inflation continues to haunt the apex bank
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The latest fortnightly data of the Reserve Bank of India (RBI) shows that credit growth continues to outpace deposit growth
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The report states that the apex bank is unlikely to go for a rate cut in December as inflation is showing an upward trend.
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According to RBI Governor Shaktikanta Das, growth for the fiscal year will be supported by robust quarterly performances
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One of the key changes introduced is the enhancement of the per-transaction limit for UPI123Pay from Rs 5,000 to Rs 10,000
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